Andrew Carruthers - Perth & Regional WA Finance Broker

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Andrew Carruthers - Perth & Regional WA Finance Broker

Your full financial needs and requirements need to be assessed prior to any offer or acceptance of a loan product.

With over 25 years of experience in business, commercial banking, and personal finance, I am dedicated to providing you expert lending solutions for every need. Credit Representative 564398 authorised under Credit Licence 389328. Please refer to https://cmortgages.com.au for our privacy policy.

02/06/2026

“𝐘𝐨𝐮 𝐧𝐞𝐞𝐝 𝟐 𝐲𝐞𝐚𝐫𝐬 𝐨𝐟 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥𝐬 𝐭𝐨 𝐠𝐞𝐭 𝐚 𝐡𝐨𝐦𝐞 𝐥𝐨𝐚𝐧 𝐢𝐟 𝐬𝐞𝐥𝐟-𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐝”

In some circumstances, this may not be the case.

This is one of the biggest misconceptions many business owners have, and it stops them from exploring opportunities to improve their property portfolio.

Some lenders may assess applications using:

➡️ 1 year of financials
➡️ BAS statements (Business Activity Statements)
➡️ Accountant's Letters

Why this matters now...

A lot of businesses have just wrapped up their FY25 tax returns. And for many, FY25 was a stronger year than FY24.

But under the old mindset:

👉 Lenders average 2 years
👉 A weaker prior year drags everything down

If your business has improved, grown, or rebounded, your borrowing capacity may be different to what you expect.

In some cases, lenders can use your BAS statements or an Accountant's letter to verify income and trading performance instead of waiting for full-tax returns.

This can be powerful if:

💠Your latest financials aren’t finalised yet
💠Your most recent trading is stronger than prior periods

If you’re not sure where you stand, get a professional opinion. The right lender, policy and structure can make all the difference to your finance strategy.

𝘈𝘴𝘴𝘦𝘴𝘴𝘮𝘦𝘯𝘵 𝘮𝘦𝘵𝘩𝘰𝘥𝘴 𝘢𝘯𝘥 𝘦𝘭𝘪𝘨𝘪𝘣𝘪𝘭𝘪𝘵𝘺 𝘸𝘪𝘭𝘭 𝘷𝘢𝘳𝘺 𝘣𝘦𝘵𝘸𝘦𝘦𝘯 𝘭𝘦𝘯𝘥𝘦𝘳𝘴 𝘢𝘯𝘥 𝘥𝘦𝘱𝘦𝘯𝘥 𝘰𝘯 𝘺𝘰𝘶𝘳 𝘪𝘯𝘥𝘪𝘷𝘪𝘥𝘶𝘢𝘭 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘤𝘪𝘳𝘤𝘶𝘮𝘴𝘵𝘢𝘯𝘤𝘦𝘴.

18/04/2026

𝐈𝐟 𝐲𝐨𝐮 𝐟𝐞𝐞𝐥 𝐬𝐭𝐮𝐜𝐤 𝐰𝐢𝐭𝐡 𝐚𝐧 𝐮𝐧𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐫𝐚𝐭𝐞 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐒𝐌𝐒𝐅 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐥𝐨𝐚𝐧? 𝐇𝐞𝐫𝐞'𝐬 𝐚𝐧 𝐚𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐰𝐨𝐫𝐭𝐡 𝐞𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠...

A new refinance pathway is streamlining aspects of the process to help you switch.

If you qualify, here's what may be available:

✔️ Dollar-for-dollar SMSF loan refinance (excluding exit + set-up costs)
✔️ Serviceability based on just the last 6 months’ repayment history

𝐄𝐥𝐢𝐠𝐢𝐛𝐢𝐥𝐢𝐭𝐲 𝐜𝐫𝐢𝐭𝐞𝐫𝐢𝐚:
• Repayments made on time the last 6 months
• New loan delivers a lower repayment and/or interest rate
• LVR ≤ 80%
• Corporate Trustee structure

𝐖𝐡𝐚𝐭’𝐬 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐝:
• Complying SMSF (verified via Super Fund Lookup)
• Last 6 months of loan statements showing clean conduct
• Trust Deeds (SMSF + Bare Trust)

Another feature is that independent Legal Advice will be waived. The Member/Guarantor signs a waiver as part of the loan pack, saving on legal fees.

And to make it even more compelling…

💥 $𝟎 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐟𝐞𝐞 𝐟𝐨𝐫 𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐮𝐧𝐭𝐢𝐥 𝟏 𝐉𝐮𝐧𝐞 𝟐𝟎𝟐𝟔 𝐰𝐢𝐭𝐡 𝐬𝐞𝐥𝐞𝐜𝐭𝐞𝐝 𝐥𝐞𝐧𝐝𝐞𝐫𝐬 (𝘴𝘶𝘣𝘫𝘦𝘤𝘵 𝘵𝘰 𝘦𝘭𝘪𝘨𝘪𝘣𝘪𝘭𝘪𝘵𝘺 𝘢𝘯𝘥 𝘭𝘦𝘯𝘥𝘪𝘯𝘨 𝘤𝘳𝘪𝘵𝘦𝘳𝘪𝘢)

This is a suitable option for SMSF borrowers who feel “stuck” with their current lender but have demonstrated strong repayment conduct to make a switch.

If this is you, let’s talk

17/04/2026

𝐈𝐟 𝐲𝐨𝐮 𝐭𝐡𝐢𝐧𝐤 𝐠𝐞𝐭𝐭𝐢𝐧𝐠 𝐚 𝐡𝐨𝐦𝐞 𝐥𝐨𝐚𝐧 𝐢𝐬 𝐣𝐮𝐬𝐭 𝐩𝐥𝐮𝐠𝐠𝐢𝐧𝐠 𝐧𝐮𝐦𝐛𝐞𝐫𝐬 𝐢𝐧𝐭𝐨 𝐚 𝐜𝐨𝐦𝐩𝐚𝐫𝐢𝐬𝐨𝐧 𝐰𝐞𝐛𝐬𝐢𝐭𝐞…

You might be surprised what most real applications look like.

In the past 12 months, I could count on one hand the number of truly “simple” applications I’ve seen.

Most applications involve some level of complexity.

𝐋𝐢𝐟𝐞 𝐬𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧𝐬 𝐥𝐢𝐤𝐞:
💭 Separation
💭 Maternity leave
💭 Changing jobs

𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 𝐥𝐢𝐤𝐞:
💭 Low deposits & complex income streams
💭 Credit history issues
💭 Joint debts with family & friends

𝐎𝐫 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐜𝐨𝐦𝐩𝐥𝐞𝐱𝐢𝐭𝐢𝐞𝐬 𝐬𝐮𝐜𝐡 𝐚𝐬:
💭 Multiple properties on one title
💭 Favourable purchases
💭 SMSF lending

And often they overlap.

Every application has a story behind it - career changes, family situations, business income, or unexpected life events.

This is where the gap appears between what technology promises and what real borrowing scenarios look like. That said, I’m genuinely excited about how technology is evolving to support brokers and clients.

Platforms like Quickli are doing an exceptional job helping brokers navigate lender policies faster than ever.

But for the foreseeable future, the role of a broker remains incredibly valuable.

Not just finding a lender.

But interpreting complexity, structuring the deal, and guiding people through one of the biggest financial decisions of their lives (all with a personalised human touch!)

Technology will absolutely continue to transform mortgage broking.

The real opportunity is learning how to use it to solve complex human situations better.

Because most home loans aren’t simple.

And that’s exactly why the right guidance matters!

If you have a complex lending scenario (business or personal), reach out for a chat!

29/11/2025

I speak with a lot of business owners and they often say they feel “stuck” with their current lender.

Refinancing comes across as complicated with overwhelming paperwork.

What many don’t realise is that, depending on your circumstances, there is a 𝐬𝐭𝐫𝐞𝐚𝐦𝐥𝐢𝐧𝐞𝐝 𝐰𝐚𝐲 𝐭𝐨 𝐫𝐞𝐟𝐢𝐧𝐚𝐧𝐜𝐞 your business loan.

Here’s a simple rundown of what a 𝐫𝐚𝐩𝐢𝐝-𝐬𝐭𝐲𝐥𝐞 𝐫𝐞𝐟𝐢𝐧𝐚𝐧𝐜𝐞 option may involve (subject to lender criteria):

🔹 Refinance up to $1.5M in business lending
🔹 Typically only 12 months of business loan statements are needed to show good repayment history
🔹 The new repayments need to be equal to or lower than what you’re currently paying, and credit checks are acceptable

If you’re curious whether you’d qualify, I’m always happy to run the numbers and talk it through.

15/11/2025

💡 Did you know you can request an SMSF loan assessment and conditional approval even before your Self-Managed Super Fund (SMSF) is fully established?

Understanding your borrowing capacity early can help you set up your SMSF and Bare Trust efficiently and strategically.

Here’s why that matters:
�✅ Know your indicative borrowing capacity before paying to establish your SMSF and Bare Trust.�✅ Structure everything correctly from the start.�✅ Move confidently when the right property, residential or commercial, comes along.

If you’re considering using your super to invest in property, start with clarity, not guesswork.

📩 Message me to learn more about SMSF lending options.

Disclaimer: This information is general in nature and not financial or tax advice. You should consider whether it is appropriate for your circumstances and seek professional advice before making any decisions. Your full financial situation would need to be reviewed prior to acceptance of any offer or product.
Credit Representative 564398 is authorised under Australian Credit Licence 389328.

29/10/2025

🏠 Thinking of buying your first home?

In today’s competitive market, obtaining conditional approval (pre-qualification) isn’t just helpful — it’s a smart first step.

Here’s why 👇

✅ Confidence when you make an offer
You’ll know what you can afford and can move quickly and confidently when the right property comes along.

✅ Negotiating power
Agents and sellers take conditionally approved buyers more seriously — especially when there are multiple offers.

✅ Smoother path to settlement
Because much of the paperwork and checks are done early, your loan may progress more efficiently to formal approval once your offer is accepted.

✅ Avoid disappointment
Set clear expectations from the start and focus on homes within your borrowing capacity.

💡 Tip: Conditional approvals are valid for a limited period (often around 90 days, depending on the lender), so it’s wise to get started early.

If you’re a first-home buyer and want to understand how much you could borrow, send me a message — I’ll guide you through it step-by-step.

📩 Email [email protected] or provide your details for more information.

23/10/2025

💡 Think your offset account is saving you money?

Maybe not.

More than half of mortgage holders have never checked if their offset account is actually linked to their home loan (source: Mortgage Business).

That small mistake could cost you thousands in unnecessary interest every year.

Here’s how to fix it:

🔍 Log into your internet banking — make sure your offset is linked to your home loan account.

📄 If you’re unsure, call your lender or broker to double-check.

💬 Review your setup at least once a year.

A two-minute check today could save you thousands over time.

PS. Some lenders offer multiple offset accounts so your savings, school fees and holiday accounts can all be working yo save you money!

03/10/2025

𝐇𝐨𝐰 𝐚 “𝐂𝐨𝐦𝐦𝐨𝐧 𝐃𝐞𝐛𝐭 𝐑𝐞𝐝𝐮𝐜𝐞𝐫” 𝐩𝐨𝐥𝐢𝐜𝐲 𝐭𝐮𝐫𝐧𝐞𝐝 𝐚 ‘𝐍𝐎’ 𝐢𝐧𝐭𝐨 𝐚 ‘𝐘𝐄𝐒’ ✅

A client came to me stuck...

They had a loan for a property development with three other parties. On paper, most lenders treated 100% of that joint loan as the client’s liability, even though they only owned 25%.

𝐑𝐞𝐬𝐮𝐥𝐭? 𝐁𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 𝐜𝐚𝐩𝐚𝐜𝐢𝐭𝐲 𝐜𝐫𝐮𝐬𝐡𝐞𝐝!

We reframed the application using a lender with a Common Debt Reducer (CDR) policy.

In simple terms, CDR lets a lender assess only your share of a joint liability (and typically the matching share of income) when certain criteria are met.

In this case, we used just one quarter of the existing mortgage and one quarter of the rental income in servicing.

That alignment between ownership, debt, and income made the difference and the new loan was approved as submitted!

Why this mattered?

Most lenders default to “joint and several” liability in their calculators (you’re on the hook for the lot), which can unfairly depress capacity for developers, investors and business owners involved in shared projects.

A lender with CDR can instead apportion the commitment creating a practical pathway to approval.

𝐖𝐡𝐞𝐧 𝐂𝐃𝐑 𝐜𝐚𝐧 𝐡𝐞𝐥𝐩

✅Co-owned properties (e.g., siblings, friends, JV developments).
✅Former partners with legacy joint loans.
✅Portfolio investors with complex ownership splits.

Takeaway...

If your capacity looks bleak because of shared debt, don’t give up!

The right lender policy and precise documentation can change the outcome.

If you’re in a JV, development, or co-ownership and want a second look at your numbers, get in touch and I’ll assess your scenario.

📧[email protected]
📞0404 027 726
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➕ Follow me for a regular look at different loan scenarios to see what is possible.

🪙Want to know your borrowing capacity? Call or email me.

🎁 Get a complimentary health check on your existing mortgage. DM me your current Lender, Loan Amount, Rate and estimated property value.

12/05/2025

With interest rates declining, how do you know your current lender's interest rate is competitive?

The answer?

Let us do an interest rate review for you!

It's a complimentary service. All you need to do is provide us a few basic details.

Message us to get started! 📧

PS. We can also send you a complimentary property report for your home, and look at your borrowing capacity for your next purchase! 🏡💰

Your full financial needs and requirements need to be assessed prior to any offer or acceptance of a loan product
Credit Representative 564398 is authorised under Australian Credit Licence 389328.

22/03/2025

Move Now, Sell Later—Here’s How Bridging Loans Make It Possible

Selling your home before you buy often puts you under immense time pressure—and can lead to compromises or extra expenses.

A bridging loan taps into your existing property equity to finance your new place, granting you the freedom to settle in first and finalise the sale when it’s convenient.

If you want to learn more about bridging loans, or want to apply for a bridging loan, give me a call on 0404 027 726 or email [email protected]

Address

Unit 12, 8 Welshpool Road
East Victoria Park, WA
6101

Telephone

+61404027726

Website

https://cmortgages.com.au/

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